Cyprexx: Discrimination charges “frivolous”

Cyprexx: Discrimination charges “frivolous”

Fannie Mae contractor responds to charges from National Fair Housing Alliance

Hey CNBC, shut up about millennials already

Your advice is patronizing, contradictory and just plain wrong

Morgan Stanley finally pays $275 million for subprime RMBS fraud

SEC charged company with misrepresenting loans

Items Tagged with 'GDP'


Growth in rest of 2014 won't make up for record slump in 1Q

Fannie: Expect 1.5% GDP after slowest 1Q since recession
July 23, 2014
Economic growth during the second half of 2014 likely won’t be strong enough to offset the weak activity from the first two quarters of the year, according to Fannie Mae’s Economic & Strategic Research Group.
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Capital Economics: US economy about to shift into high gear

Woo-hoo! Higher wages on the way!
July 11, 2014
“The fiscal drag has eased, household debt has fallen to more manageable levels and property prices have recovered,” according to the executive summary of the third quarter Global Economic Outlook from the analytics firm.
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Bam! Nomura predicts GDP will double in 2015

But it won’t be because of housing
July 11, 2014
In its “The Economy Next Week” report published Friday, Nomura’s analysts predict that the U.S. gross domestic product will grow 1.5% year-over-year in 2014 and will more than double that growth (3.1%) in 2015.
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Worse news, everyone: The economy shrunk 2.9%, the most since 1Q2009

Contraction this severe only happens just before or during a recession
June 25, 2014
The U.S. economy shrunk by 2.9% in the first quarter, far worse than the -1% revision reported May 29. The GDP has never fallen more than 1.5% except just before or during a recession since the government started tracking the GDP quarterly in 1947.
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These 5 charts reveal the Fed’s economic projections

Unemployment rate, real GDP, PCE inflation
June 18, 2014
The Federal Reserve Board and Federal Reserve Bank presidents gave the market a glimpse into the future of where they think the economy is going and updated its projections for changes in real GDP, the unemployment rate and PCE inflation.
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Monday Morning Cup of Coffee: VRM reaches REO milestone

Will spring selling season bloom?
June 2, 2014
VRM Mortgage Services announced today that it has listed, managed and sold more than 500,000 REO properties since the company was founded eight years ago, plus a roundup of economic news.
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Pending home sales plunge 9.2% in April

So much for that post-winter, pent-up demand
May 29, 2014
Pending home sales for the month of April plummeted 9.2% compared to April 2013, the National Association of Realtors reported Thursday. This compounds other bad news that the GDP shrank 1% in the first quarter.
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Bad news everyone: The economy is shrinking

1Q GDP revised down as pundits join hands in hope and delusion
May 29, 2014
Bad news everyone – all that government spending didn’t keep the economy from contracting in the first quarter after all. The nation’s domestic economic output for the first quarter was revised downward Thursday, posting a contraction of -1.0% from a meager positive 0.1% initially reported.
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Home Depot stock carries market after positive earnings call

Out with winter, in with strong sales
May 20, 2014
The impact of the harsh winter on the housing market is fizzling out, as Home Depot records robust May sales. And investors and the stock market are basking in the good news.
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Goldman Sachs answers 3 key questions about housing

The outlook isn't that bad
May 6, 2014
Goldman Sachs analyst Hui Shan said there are 3 key questions facing housing. And then he answered them. Here is a summary of that Q&A.
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